Incorporated in 1989, Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of India’s interstate and inter-regional electric power transmission system and carries electric power across India.
They are India's principal electric power transmission company. As on September 30, 2013 they owned and operated more than 90% of India’s ISTS which, inter-alia, includes interregional transmission links. They owned and operated 102,109 circuit kilometers of electrical transmission lines and 172 substations with a total transformation capacity of 172,378 MVA.
Objects of the Issue:The object of the issue are to:
1. Carry out the disinvestment of 185,189,014 Equity Shares of 10 each by the Selling Shareholder.2. Meet the capital requirements for the implementation of certain identified transmission projects ("Identified Projects"); and3. General corporate purposes.
»» Issue Open: Dec 3, 2013 - Dec 6, 2013
Power Grid Corporation of India Ltd FPO Tags:
Power Grid Corporation of India FPO, Power Grid FPO, PGCIL FPO Bidding, Power Grid FPO Allotment Status, Powergrid drhp and Power Grid Corporation of India Limited FPO listing.
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Power Grid FPO Messages (Power Grid FPO Comments)
tell me about it
Hi I applied for 2100 shares of power grid by online CBI ASBA in the name of a family member, my application was rejected on technical grounds. I called up the Karvy customer service helpline and sent them an email. They said the reason was "APPLICATION WITH PAN MULTIPLE". That''s what was in the system, and they can''t do anything more, and the call centre person refused to let me talk to some manager.
226.1. CLD Jan 5, 2014 8:53:59 PM IST | CLD's messages
It seems that same PAN no is being used by another person with the same name.
226.2. Vineeta Gupta Jan 6, 2014 9:57:10 AM IST | Vineeta Gupta's messages
Hi Thanks for your reply. The name of the other investor who is alloted shares is different if I do a lookup of allotment by PAN number. As individual I cannot check from UTI infrastructure technology & services ltd. However the pan number I used is correct and several past IPO and FPO have been allotted to from this PAN and same DP Account and have filed income tax returns from this PAN for several years. Any suggestions would be welcome on how to proceed with this.
226.3. navfame Jan 6, 2014 4:19:27 PM IST | navfame's messages
Log in to scores.gov.in. Address the matter to sebi writing i am not getting proper response from Karvy peoples. Believe me karvy H.O will contact you & tell you the reason. Forget about manager :)
226.4. CLD Jan 6, 2014 9:00:11 PM IST | CLD's messages
Better way is to send E-mail to SEBI with a copy to Karvy.
226.5. SONMAYA Jan 7, 2014 6:40:05 AM IST | SONMAYA's messages
Do write to sebi they give give reply..."..in one such case here in Mumbai one applicant has got shares along with refund order."...............despite his amount of rs.192375/- is lying in his bank a/c..............that means he has got profit of rs.200000/- .......May be time being.....,,
226.6. Vineeta Gupta Jan 8, 2014 4:14:05 PM IST | Vineeta Gupta's messages
Thank you CLD, navfame, SONMAYA for your kind replies. Does any one have idea about the turnaround time of SEBI?
226.7. P Badala Jan 11, 2014 7:04:46 PM IST | P Badala's messages
It is adviseable that you send Email to SEBI along with Karvy and intimate To income tax authorities to check weather they have issued the subject PAN Number to Two persons once you know the answer,you can make out it is mistake by IT Depatement or some one is using freudently your PAN , second thing you may have entered your PAn correctly but there may be errer in uploading your detail though chances are remote. From income tax sight you can check the name of allottee of particular PAN.
ANYBODY TELL ME ABOUT IOC FPO
I have been allotted full what I applied for. It''s yet to be credited to my DEMAT Account. I would like to know if these could be sold immediately or there is some time we need to keep and then sell.
224.1. CLD Dec 23, 2013 9:16:23 PM IST | CLD's messages
You can sell on the day or there after when shares are credited into D,mat
PLEASE CONFIROM POWER GRID FPO ALLOTMENT DETIAL
223.1. karorpati SE lakhpati Dec 20, 2013 11:45:32 PM IST | karorpati SE lakhpati's messages
check ur demat. if u have shares, u got it, if not u have not. also see ur refund
HOW CAN I DO "HOLD/SELL" POWERGRIDE SHARE ?
Istead of OFS(Offer for sale) , stake sale should be done through FPO which gives chance to retail investor to earn something
Coal India FPO is deffered for now.But expect FPO of Indian Oil in January.Best wishes for another PROFIT.
Where is Mr. M Gupta, who say looted and kooted.......
Now which ipo is next ?
made profit in IPO, after v long time.
People who had sold in futures market expecting price to fall to 90 levels are buying today. All people who had applied are making money as the IPO was subscribed heavily by brokers who have cornered most of the shares. Stock is expected to do well till FNO expiry due on 26 Dec
Ankur why don t you by put of -Rs97.50 hovering around 40.paisa /45/paisa you will make lot of money if power grid goes to 95 Rs,
Sold 1029 share @ 101. I think it will go to 102 today.
214.1. anonymoues Dec 19, 2013 2:41:53 PM IST | anonymoues's messages
nai hua na 102? ab kal ke liye rakah he.kal bhi badh sakta he...
look P GRID Crosses 100/ Rs mark sit tight,
those who have not sold power grid fpo sh sit tight up to rs 115/ till Dec expiry,as i have not sold any shares,
212.1. Ankur Noida Dec 19, 2013 12:55:24 PM IST | Ankur Noida's messages
Those who smiles when stock is going north cries when stock is heading south. Brother book profits in small lots as F&0 OI shows expiry to be near 95 levels and not 115 levels
Anyone received refund (i mean for non-ASBA applications)?
211.1. S.kumars Dec 19, 2013 10:26:14 AM IST | S.kumars's messages
I got yesterday morning non asba refund
211.2. karorpati SE lakhpati Dec 19, 2013 4:18:38 PM IST | karorpati SE lakhpati's messages
So there some monekys in share market who do not used ASBA. little surprised
211.3. S.kumars Dec 19, 2013 5:28:23 PM IST | S.kumars's messages
idbi bank unable to bid asba ,though me used asba in all good issue from idbi bank ,now planing to open new account at icici bank only due to asba,
I applied though i had bad experience with SCI FPO, Got 763 shares and made a cool profit of 9300Rs after brokerage. Made my day today...after long time i made profit in primary market...
powergrid speciel dividend of rs.5/- next month,aam k aam ,guthaliyo k v daam ,great ,
208.1. friend Dec 19, 2013 1:57:36 PM IST | friend's messages